Understand Prosperity Constraints
Prosperity: The Catch
In our previous discussion on Modern Money Theory (MMT), we examined the path to prosperity. Now, we're addressing a critical question: What are the limitations?
The key factor limiting prosperity is the amount of real resources a nation has access to. But what if these resources are in limited supply? The limitation remains the same. However, when a nation can only access a small amount of resources relative to its population, it is likely to experience poverty.
Productively using all available resources is a necessary step towards prosperity, but it's not enough on its own. To achieve true prosperity, a nation must have an ample amount of resources.